Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.02x
Liabilities / Revenue
76th percentile
Higher debt load relative to revenue than 76% of similar nonprofits.
Net Margin
59th percentile
Higher net margin than 59% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
61st percentile
Faster asset growth than 61% of similar nonprofits.
Revenue Growth
6th percentile
Faster revenue growth than 6% of similar nonprofits.
Balance Sheet
Assets
Up$287,567
Up $22,317 (+8.4%) from 2015
Net Assets
Up$280,597
Up $16,055 (+6.1%) from 2015
Liabilities
Up$6,970
Up $6,262 (+884%) from 2015
Revenue And Expenses
Revenue
Down$148,245
Down $259,615 (-64%) from 2015
Expenses
Down$137,231
Down $15,251 (-10%) from 2015
Net Income
Down$11,014
Down $244,364 (-96%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2015 to Jun 30, 2016
- Signed
- Aug 1, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $156,445
Mission and Program Overview
Mission
Palm Arts enriches and expands the educational, performing arts, and cultural opportunities of the Telluride community through innovative programming and dance instruction and as a creative crossroads for our area partners.
Kids dance programs in Telluride
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Palm arts provides dance programs for children in Telluride and the development of community appreciation for drama and the musical arts by sponsoring professional productions | - | $101,781 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Ann Brady | Director | - | $0 | - | - |
| Kathy Jepson | Secretary Treasurer | PT | $0 | - | - |
| Judy Gluckstern | Vice President | - | $0 | - | - |
| Banks Brown | Director | - | $0 | - | - |
| Mark Westman | President | - | $0 | - | - |
| Valerie Madonia | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Palm Arts Inc
- EIN
- 27-0962251
- Address
- 721 W Colorado Avenue, Telluride, CO 81435
Signing Officer
- Name
- Kathy Jepson
- Title
- Secretary Tre
- Signed
- 2016-08-01
- Discuss with paid preparer
- No
Preparer
- Firm
- SweetBooks LLC
- Address
- 27696 Highway 145, Dolores, CO 81323
- Preparer
- Erin Sweet Neer CPA
- Phone
- 9707291619
Supplemental Narrative
Additional Explanations
Description of other expenses Part I line 16
“Description AmountInsurance 1,738Liquor License and Permit Fees 1,175Credit Card Fees 1,109Supplies 2,105Costumes, props 12,050Other Program expenses 757Other Admin Expenses 972Live at the Palm Sponsorship 10,000Summer Dance Series 14,550”
Other changes in net assets or fund balances Part I line 20
“Description AmountChange in Net Assets After PY Filin 5,041”
Description of other assets Part II line 24
“Category Beginning of Year End of YearAccounts Receivable 595 197”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearAccounts Payable, Acrrued Exp 708 750Prepaid Tuition (DR Summer) 0 6,220”
Raw XML Appendix178 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | Valerie Madonia |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary Treasurer |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 595 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 197 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 5041 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 44456 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Kids dance programs in Telluride |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 117851 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Palm arts provides dance programs for children in Telluride and the development of community appreciation for drama and the musical arts by sponsoring professional productions |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 101781 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 63974 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 708 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 6970 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 137231 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 101781 |
| IRS990EZ/TotalRevenueAmt | 0 | 148245 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.telluridedance.com |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 273369 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 14069 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 38687 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 17879 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 367258 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 206 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 13 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 3 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 7 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 14 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 243 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 132960 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 134491 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 122426 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 98338 |
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| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 577733 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 206 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 13 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 3 |
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| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 243 |
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| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 156214 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 407860 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 136495 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 137025 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 107397 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 944991 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 156420 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 407873 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 136498 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 137032 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 107411 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 945234 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description AmountInsurance 1,738Liquor License and Permit Fees 1,175Credit Card Fees 1,109Supplies 2,105Costumes, props 12,050Other Program expenses 757Other Admin Expenses 972Live at the Palm Sponsorship 10,000Summer Dance Series 14,550 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountChange in Net Assets After PY Filin 5,041 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Category Beginning of Year End of YearAccounts Receivable 595 197 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearAccounts Payable, Acrrued Exp 708 750Prepaid Tuition (DR Summer) 0 6,220 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other changes in net assets or fund balances Part I line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| ReturnHeader/BuildTS | 0 | 2016-12-15 16:53:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Kathy Jepson |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Secretary Tre |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-08-01 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Palm Arts Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PALM |
| ReturnHeader/Filer/EIN | 0 | 270962251 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 721 W Colorado Avenue |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Telluride |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CO |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 81435 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 271183474 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SweetBooks LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 27696 Highway 145 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Dolores |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 81323 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9707291619 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-08-03 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Erin Sweet Neer CPA |
| ReturnHeader/ReturnTs | 0 | 2016-08-03T10:42:25-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-06-30 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $287,567
- Liabilities
- $6,970
- Net assets
- $280,597
- Revenue
- $148,245
- Expenses
- $137,231
- Net income
- $11,014